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. please stay tuned. we have another leadership crisis, this one in foreign policy. the russian president and vladimir putin signed bill banning adoptions by americans starting january 1st. it's likely 46 children who were to be adopted in the u.s. will have to remain in russia. on average about 900 children get adopted each year by americans in the soviet union, excuse me, from russia and there's been no formal response from the white house on this. here is former pentagon adviser michael rubin. >> thanks for having me, michelle. >> what should the white house do in response to this? >> ultimately, what with will have to be inspected and considered is the whole nature of the reset policy. if we trace the beginnings of this crisis back it actually started with the white house reaching out to vladimir putin to russia in supporting russia's accession to the world trade organization. the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there s
evaluating the investment landscape in india. obviously we've seen a lot of foreign investors allocate capital into this market. we are looking at the rupee depreciating significantly over the last year. the company dealing with other problems including lack of infrastructure, some policy changes. what is your recent -- i guess your updated outlook on india going forward? >> well, the local market has justice done phenomenally in 2012. up 25%. but it didn't help u.s. dollar investors because the currency fell the same amount. so really everyone kind of broke even even though the market took off this year. i think india is still a market where you want to keep building positions gradually over time. there's been a lot of issues around the government. i think the instakt around the government and people's predicting how long it will take to push back reforms has impacted the market quite a bit. i think one thing under the surface in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep
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